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(Image from article: "Groupon to Pick Goldman, Morgan Stanley to Lead IPO")

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Fitch downgrades world's top banks

Fitch Downgrades World's Top Banks

The ratings firm Fitch downgraded a cluster of the world's largest banks Thursday, pointing to trading challenges facing international markets. The banks included Bank of America, Morgan Stanley and Goldman Sachs, as well as Europe's Barclays, Societe Generale and BNP Paribas. Germany's Deutsche Bank and Switerzland's Credit Suisse were also downgraded.

 

Groupon to Pick Goldman, Morgan Stanley to Lead IPO

Groupon to Pick Goldman, Morgan Stanley to Lead IPO

Groupon is expected to pick Goldman Sachs and Morgan Stanley as its two lead underwriters for an IPO planned later this year. The IPO is expected to value the Chicago company at between $15 billion and $20 billion, these people said. The valuation could change depending on market conditions at the time of the IPO.

 

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